Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
IPO Year:
Exchange: NYSE
Website: prologis.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/3/2025 | Outperform → Mkt Perform | Raymond James | |
| 1/6/2025 | $124.00 → $123.00 | Neutral → Outperform | Robert W. Baird |
| 12/11/2024 | $130.00 → $125.00 | Strong Buy → Outperform | Raymond James |
| 12/6/2024 | $120.00 → $104.00 | Market Perform → Underperform | BMO Capital Markets |
| 10/21/2024 | $142.00 → $132.00 | Buy → Neutral | Goldman |
| 8/12/2024 | $128.00 | Buy → Neutral | BofA Securities |
| 8/5/2024 | $124.00 → $127.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 4/22/2024 | $145.00 → $112.00 | Outperform → Market Perform | BMO Capital Markets |
| 3/18/2024 | $136.00 | Outperform → In-line | Evercore ISI |
| 12/18/2023 | $123.00 → $148.00 | Neutral → Overweight | JP Morgan |
Raymond James downgraded Prologis from Outperform to Mkt Perform
Robert W. Baird upgraded Prologis from Neutral to Outperform and set a new price target of $123.00 from $124.00 previously
Raymond James downgraded Prologis from Strong Buy to Outperform and set a new price target of $125.00 from $130.00 previously
BMO Capital Markets downgraded Prologis from Market Perform to Underperform and set a new price target of $104.00 from $120.00 previously
Goldman downgraded Prologis from Buy to Neutral and set a new price target of $132.00 from $142.00 previously
BofA Securities downgraded Prologis from Buy to Neutral and set a new price target of $128.00
RBC Capital Mkts downgraded Prologis from Outperform to Sector Perform and set a new price target of $127.00 from $124.00 previously
BMO Capital Markets downgraded Prologis from Outperform to Market Perform and set a new price target of $112.00 from $145.00 previously
Evercore ISI downgraded Prologis from Outperform to In-line and set a new price target of $136.00
JP Morgan upgraded Prologis from Neutral to Overweight and set a new price target of $148.00 from $123.00 previously
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SC 13G/A - Prologis, Inc. (0001045609) (Subject)
SAN FRANCISCO, Feb. 20, 2025 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) today approved a plan to raise the company's annualized dividend by 5% to $4.04 per share of common stock. The board declared a regular cash dividend for the quarter ending March 31, 2025, on the following securities: A dividend of $1.01 per share of the company's common stock, payable on March 31, 2025, to common stockholders of record at the close of business on March 18, 2025; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on March 31, 2025, to Series Q stockholders of record at the close of business on March 18, 2025.About Pro
CEO Hamid Moghadam plans retirement; will continue as Executive ChairmanPresident Dan Letter to become CEO January 2026; joins Board of DirectorsSAN FRANCISCO, Feb. 19, 2025 /PRNewswire/ -- Prologis, the global leader in logistics real estate, today announced the retirement of its co-founder, Hamid R. Moghadam, from his CEO role, effective January 1, 2026. After more than four decades of visionary leadership, Moghadam will continue as executive chairman, providing strategic guidance consistent with the company's mission of "enduring excellence." As part of the company's succes
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
SAN FRANCISCO, Jan. 27, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the tax treatment of its 2024 distributions. Exhibits A and B reflect the tax treatment of distributions per share of Prologis, Inc. common and preferred stock, respectively, as prescribed by the Internal Revenue Code. Persons who held shares of common stock of Prologis, Inc. in their name at any time during 2024 will receive an IRS Form 1099-DIV via Computershare, Prologis' transfer agent. Persons who held shares in "street name" during 2024 should note that the Form 1099-DIV will be provided by a bank, brokerage firm or nominee. Additional information herein
Strong uptick in leasing activity post-election SAN FRANCISCO, Jan. 21, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the following results for the quarter and fiscal year ended December 31, 2024, as compared to the corresponding periods in 2023: 4Q24 Net earnings per diluted share was $1.37 and increased 101.5%, due to higher gains and promotes.Core funds from operations (Core FFO)* per diluted share was $1.50 and increased 19.0%.Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.42 and increased 10.1%.FY 2024 Net earnings per diluted share was $4.01 and increased 21.9%.Core FFO* per diluted share was $5.
SAN FRANCISCO, Dec. 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss fourth quarter results, current market conditions and future outlook on Tuesday, January 21, 2025, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com. A telephonic replay will be available January 21 – February 4 at +1 (877) 660-6853 (from the United States and Canada) or +1 (2
Prologis and Skybox Datacenters Sell High-Capacity Data Center SAN FRANCISCO, Dec. 11, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced it has sold a data center development in its Chicago market to HMC Capital (ASX: HMC). Prologis, in partnership with Skybox Datacenters, is converting one of its warehouses into a high-capacity, turnkey data center with a marketed capacity of 32 megawatts (MW). Warehouse conversions and ground-up development are the keys to the company's data center strategy. This warehouse is held in the U.S. Logistics Fund (USLF), a Prologis co-investment vehicle focused on premier logistics real estate, including
SAN FRANCISCO, Dec. 4, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending December 31, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on December 31, 2024, to common stockholders of record at the close of business on December 16, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on December 31, 2024, to Series Q stockholders of record at the close of business on December 16, 2024.ABOUT PROLOGIS Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-g
Ongoing flight to quality within the industry SAN FRANCISCO, Oct. 16, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the following results for the quarter ended September 30, 2024, as compared to the corresponding period in 2023: Net earnings per diluted share was $1.08 and increased 35.0%, primarily due to higher disposition gains.Core funds from operations (Core FFO)* per diluted share was $1.43 and increased 10.0%.Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.45 and increased 9.0%. "The bottoming process is underway as our customers navigate an uncertain environment," said Hamid R. Moghadam, co-found
Event also featured Former Prime Minister Sir Tony Blair and Survival Expert Bear Grylls LONDON, Oct. 2, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today hosted its fourth annual GROUNDBREAKERS thought leadership forum in London. GROUNDBREAKERS 2024 featured trailblazers including FedEx Chairman Fred Smith, former UK Prime Minister Sir Tony Blair and Survival Expert Bear Grylls. Prologis Co-founder, Chairman and CEO Hamid R. Moghadam was joined by FedEx Founder and Executive Chairman Fred Smith for the event's opening keynote. The two founders discussed technology's influence on geo-economic trends and how their companies are integrating art
SAN FRANCISCO, Feb. 20, 2025 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) today approved a plan to raise the company's annualized dividend by 5% to $4.04 per share of common stock. The board declared a regular cash dividend for the quarter ending March 31, 2025, on the following securities: A dividend of $1.01 per share of the company's common stock, payable on March 31, 2025, to common stockholders of record at the close of business on March 18, 2025; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on March 31, 2025, to Series Q stockholders of record at the close of business on March 18, 2025.About Pro
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
SAN FRANCISCO, Jan. 27, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the tax treatment of its 2024 distributions. Exhibits A and B reflect the tax treatment of distributions per share of Prologis, Inc. common and preferred stock, respectively, as prescribed by the Internal Revenue Code. Persons who held shares of common stock of Prologis, Inc. in their name at any time during 2024 will receive an IRS Form 1099-DIV via Computershare, Prologis' transfer agent. Persons who held shares in "street name" during 2024 should note that the Form 1099-DIV will be provided by a bank, brokerage firm or nominee. Additional information herein
Strong uptick in leasing activity post-election SAN FRANCISCO, Jan. 21, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the following results for the quarter and fiscal year ended December 31, 2024, as compared to the corresponding periods in 2023: 4Q24 Net earnings per diluted share was $1.37 and increased 101.5%, due to higher gains and promotes.Core funds from operations (Core FFO)* per diluted share was $1.50 and increased 19.0%.Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.42 and increased 10.1%.FY 2024 Net earnings per diluted share was $4.01 and increased 21.9%.Core FFO* per diluted share was $5.
SAN FRANCISCO, Dec. 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss fourth quarter results, current market conditions and future outlook on Tuesday, January 21, 2025, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com. A telephonic replay will be available January 21 – February 4 at +1 (877) 660-6853 (from the United States and Canada) or +1 (2
SAN FRANCISCO, Dec. 4, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending December 31, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on December 31, 2024, to common stockholders of record at the close of business on December 16, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on December 31, 2024, to Series Q stockholders of record at the close of business on December 16, 2024.ABOUT PROLOGIS Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-g
Ongoing flight to quality within the industry SAN FRANCISCO, Oct. 16, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the following results for the quarter ended September 30, 2024, as compared to the corresponding period in 2023: Net earnings per diluted share was $1.08 and increased 35.0%, primarily due to higher disposition gains.Core funds from operations (Core FFO)* per diluted share was $1.43 and increased 10.0%.Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.45 and increased 9.0%. "The bottoming process is underway as our customers navigate an uncertain environment," said Hamid R. Moghadam, co-found
SAN FRANCISCO, Sept. 26, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss third quarter results, current market conditions and future outlook on Wednesday, October 16, 2024, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com. A telephonic replay will be available October 16 – October 30 at +1 (877) 660-6853 (from the United States and Canada) or +1
SAN FRANCISCO, Sept. 3, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending September 30, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on September 30, 2024, to common stockholders of record at the close of business on September 16, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on September 30, 2024, to Series Q stockholders of record at the close of business on September 16, 2024.ABOUT PROLOGISPrologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, h
SAN FRANCISCO, Aug. 6, 2024 /PRNewswire/ -- FIBRA Prologis today closed on its tender offer to acquire shares of FIBRA Terrafina with 77.14% of all shares under FIBRA Prologis control. Prologis, Inc. (NYSE:PLD), the global leader of logistics real estate, sponsors FIBRA Prologis, which acquires, owns and manages Class-A industrial real estate in Mexico's most desirable economic markets. FIBRA Terrafina manages approximately 42.2 million square feet of industrial real estate across several key markets, which includes 288 industrial warehouses and 4 land bank properties. As of June 30, 2024, FIBRA Prologis was comprised of 236 logistics and manufacturing facilities in six industrial markets in
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CEO Hamid Moghadam plans retirement; will continue as Executive ChairmanPresident Dan Letter to become CEO January 2026; joins Board of DirectorsSAN FRANCISCO, Feb. 19, 2025 /PRNewswire/ -- Prologis, the global leader in logistics real estate, today announced the retirement of its co-founder, Hamid R. Moghadam, from his CEO role, effective January 1, 2026. After more than four decades of visionary leadership, Moghadam will continue as executive chairman, providing strategic guidance consistent with the company's mission of "enduring excellence." As part of the company's succes
Briones and Carey to join company's executive committee on Jan. 1, 2025 SAN FRANCISCO, May 22, 2024 /PRNewswire/ -- Prologis (NYSE:PLD) today announced Ed Nekritz and Colleen McKeown will retire as chief legal officer and chief human resources officer, effective January 1, 2025. Current Deputy General Counsel Deborah Briones and Senior Vice President of Human Resources Nathaalie Carey will succeed Nekritz and McKeown. Nekritz and McKeown will continue to serve as senior advisors to the company in 2025. These changes are part of the company's long-term and ongoing succession planning.
SAN FRANCISCO, May 4, 2023 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) today declared a regular cash dividend for the quarter ending June 30, 2023 on the following securities: A dividend of $0.87 per share of the company's common stock, payable on June 30, 2023, to common stockholders of record at the close of business on June 16, 2023; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on June 30, 2023, to Series Q stockholders of record at the close of business on June 16, 2023.Annual Meeting Results The following proposals were approved at the company's 2023 annual stockholder meeting: Our stockholders
SAN FRANCISCO, May 4, 2022 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending June 30, 2022, on the following securities: A dividend of $0.79 per share of the company's common stock, payable on June 30, 2022, to common stockholders of record at the close of business on June 16, 2022; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on June 30, 2022, to Series Q stockholders of record at the close of business on June 17, 2022.ANNUAL MEETING RESULTSThe following proposals were approved at the company's 2022 annual stockholder meeting: Elect 11 directors to o
SAN FRANCISCO, April 30, 2021 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD), today announced that the following proposals were approved at the company's 2021 annual stockholder meeting: Elect 11 directors to our Board to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified. Ratify the appointment of KPMG LLP as our independent registered public accounting firm for the year 2021.Our stockholders elected Hamid R. Moghadam (chairman), Cristina G. Bita, George L. Fotiades, Lydia H. Kennard, Irving F. Lyons III, Avid Modjtabai, David P. O'Connor, Olivier Piani, Jeffrey L. Skelton, Carl B. Webb and William D. Zollars as